• New & Renewable Energy
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• v.17 no.2
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• pp.1-8
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• 2021

We estimated the price range of electricity transactions under the prosumer system, considering the spread of renewable energy and the prospect of introducing a surplus power trading system between power consumers in Korea. The range (min/max) of power transaction prices was estimated by prosumers and consumers who could purchase electricity from utilities if needed. It is assumed that utilities purchased electricity from prosumers and consumers under a Time-of-Use (TOU) rate, trading at a monthly price. The range of available transaction prices according to the amount of power purchased from utilities and the amount of transaction power was also estimated. The price range that can be traded is expected to vary depending on variables such as the TOU rate, purchased and surplus power, levelized cost of electricity, etc.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.10
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• pp.1390-1396
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• 2013

The paper estimated the reasonable market price of lead-acid battery energy storage system (BESS) intended for demand management of electricity customers. As time-of-use (TOU) tariffs have extended to a larger number of customers and gaps in the peak and off-peak rates have gradually risen, deployment of BESS has been highly needed. However, immature engineering techniques, lack of field experiences and high initial investment cost have been barriers to opening up ESS markets. This paper assessed electricity cost that BESS operation could save for customers and, based on the possible cost savings, estimated reasonable prices at which BESSs could become a more prospective option for demand management of customers. Battery scheduling was optimized to maximize the electricity cost savings that BESS would possibly achieve under TOU tariffs conditions. Basic economic factors such as payback period and return on investment were calculated to determine reasonable market prices. Actual load data of 12 industrial customers were used for case studies.

• Journal of the Korean Society for Railway
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• v.20 no.1
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• pp.31-42
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• 2017

Many studies have been performed to reduce electric consumption in railway systems. Due to its low conduction loss and high regenerative braking efficiency characteristics, the ESS powered railway system is chosen as a promising candidate for future railway systems. This paper introduces the ESS powered railway system and analyzes current power charge calculation methods that have been set up by KEPCO (Korea Electric Power Corporation). Based on the analysis, this paper proposes two different power charge reduction methods for the railway system. One is to smooth the peaks of traction energy consumption by supplying additional energy to the grid. The other is to save electric charge by reducing electric energy consumed by the railway during the energy peak time, 2 p.m.~5 p.m., which has highest 'Won/kWh' rates. To verify the effectiveness of the proposed method, the power charge of Seoul Metro Line 2 is recalculated using the method.